The stock of wealth increases more rapidly the faster the flow of ________.
A. assets
B. money
C. saving
D. income
Answer: C
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As output increases, the distance between average total cost and average variable cost increases
Indicate whether the statement is true or false
It is common knowledge that many U.S. national parks have become overused. One possible solution to this problem is to
a. increase entrance fees. b. increase advertising for the national parks. c. reduce the national park service budget. d. subsidize park admissions. e. all of these are possible solutions.
Indy worked for a major automobile manufacturer before the company relocated its factory to Malaysia, putting Indy out of a job. Indy continues to seek new employment, but will likely have to retrain or relocate to find a job. Based on this description, Indy is best described as:
A. frictionally unemployed. B. not in the labor force. C. structurally unemployed. D. cyclically unemployed.
The portion of food and expenditures associated with activities of firms beyond the farm gate is known as
A) value added. B) consumer surplus. C) the marketing bill. D) none of the above.